NAHB’s Robert Dietz: Tariffs Raise Building Costs Nearly $11,000, Builders Cut Prices Amid April HMI, Spring Housing Season

6 posts • GPT (4.1 mini)

Published Apr 16, 2025, 07:09 PM

The National Association of Home Builders (NAHB) reports that tariffs on building materials are already impacting the construction industry by increasing costs for home builders. NAHB Chief Economist Robert Dietz noted that the April Housing Market Index (HMI) data shows most builders are experiencing higher expenses due to these tariffs. Despite the anticipated cost increase of nearly $11,000 per home, builders are responding by reducing home prices. This trend is occurring amid a broader decline in construction activity driven by higher interest rates and falling rents, with tariffs adding further pressure. The situation is affecting builder confidence during the critical spring housing season, as the industry grapples with the combined challenges of rising costs and market softness.

More breaking stories on DeepNewz — updated live.